The Central Bank of Nigeria said the nation’s manufacturing sector grew at a slower rate in May.

According to the May edition of the CBN’s Purchasing Managers’ Index report, the manufacturing sector has been increasing for 14 consecutive months.

“The Manufacturing PMI in May stood at 56.5 index points, indicating expansion in the manufacturing sector for the 14th consecutive month. The index, however, grew at a slower rate when compared to the index in the previous month,” it said.

The report showed that the Manufacturing PMI stood at 56.9 index points in April.

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Manufacturing sector grew at slower rate in May ―CBN http://www.sanwomi.com/2018/05/manufacturing-sector-grew-at-slower.html

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